29/11/05 KLANG,(Bernama) -- Malaysia will send fact-finding teams to explore investment opportunities in palm oil-related activities abroad, especially in countries that have similar climate as the country, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said Tuesday.

He said the investment fact-finding team would facilitate Malaysia's government linked-corporations (GLCs) and plantation companies to invest overseas including engaging in negotiations with potential investors abroad.

It's about time for GLCs and plantation companies to seriously consider investing in other countries including having joint ventures, he told reporters after visiting Kossan Rubber Industries Bhd and its subsidiary, Doshin Rubber Products Sdn Bhd, here, Tuesday.

Malaysia, one of the biggest palm oil producers in the world, is not reluctant to send experts to countries that are seeking Malaysia's expertise in palm oil, he said.

He said Colombia, Bolivia and Sierra Leone had been "knocking on the doors" of Malaysia to develop their palm oil industries.

"We are keen to send our team to friendly countries," he said.

-- BERNAMA